Why is Tesla surging—despite terrible earnings?

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.6 • 1.1K Ratings

🗓️ 24 April 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tesla (TSLA) reported its latest earnings yesterday… and the results were terrible. So why is the stock soaring today? I start today’s show by looking under the hood at the difficulties Tesla faces—from lower EV demand… to high costs… to Chinese competition… And I highlight the single most important factor that continues to buoy the stock and ultimately makes Tesla a winner—regardless of headwinds. Gold stocks have been on a rollercoaster recently—the yellow metal hit new all-time highs this month before pulling back. I explain what’s behind the action… why gold bugs are dead wrong about their thesis, despite the rise in price… why I’d take profits in gold and gold stocks right now… and why Bitcoin is a much better bet. In fact, I believe crypto offers the best speculative opportunity for investors right now. Make sure to join us for part 3 of our Crypto 2024 LIVE series, After the Halving, on April 30 at 7 p.m. ET. I’ll break down how to position your portfolio for life-changing gains in the crypto space… and answer all your crypto questions. . Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/ Twitter: twitter.com/frankcurzio Facebook:. www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream financial media to bring you
0:07.4	unscripted interviews and breaking commentary direct from Wall Street right to you on Main Street.
0:16.0	Let's get out there at April 24th.
0:19.0	Our friend goes just to watch The Pop Post,
0:20.0	I'll break the headlines and uh...
0:27.0	tell you what's really moving these markets.
0:30.0	So on today's show, never ever, ever doubt Elaw Musk.
0:35.0	It's time to take profits on gold stocks.
0:39.0	And why your regret not buying Bitcoin at these levels?
0:44.0	Let's start with the big news from last night, which is Tesla.
0:47.0	First on deck at a big technology company's report.
0:50.0	We're going to see a lot of companies report after the bell today including Meta, but they reported
0:54.4	last night and the results were not that good. Earning sales kind of weak, but
1:00.9	the stock is absolutely soaring today to
1:03.1	over 10%.
1:04.6	And I'm watching the media outlets and I have a lot of bears on and just a few bulls.
1:09.3	Everybody's kind of bearish on tesse these days.
1:11.2	And the bears trying to figure out why.
1:14.0	The result is terrible. I don't get it.
1:17.0	I get it. I'll tell you why it's soaring.
1:21.0	When I was into that call last night with Elon Musk, I saw a guy who was in total control of his company. Total control.
1:30.0	Which you would think that maybe that's not the case.
	...

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